Vin_Trader put out four stocks to watch
on 02/11 and I attempted to scalp a quick profit since it was already
halfway into the trading day when I checked his blog. It was a loss for
me, but not because Vin_Trader had a bad pick... his pick was actually
12% to 16% gainer for the day. There were a few things that went wrong
here. One being that I had a poor entry point, I entered hoping that the
stock would gain to a 20%+ gain for the day and scalp maybe 8% to 10%,
that didn't happen of course and my trailing stop snagged me as the
stock began its consolidation period. Which brings me to the other thing
I see wrong here, looking back I think I set my trailing stop too tight
at 5%. The last few times I used a 8% trailing stop. That said, if the
stock drops tomorrow I should be happy with the 5% loss and lick my
wounds.
No comments:
Post a Comment